Knight-Ridder Gets The Nice Price In Sale To WCAS


While the sale itself came as little surprise (IMD, May 6), market data industry insiders were uniformly surprised two weeks ago when the news came from Miami that Welsh Carson Anderson & Stowe had agreed to fork over a hefty $275 million for Knight-Ridder Financial-- a business which had profits of $3.3 million on 1995 revenues of $193.4 million (IMD, March 11).

Knight-Ridder officials--and some newspaper-industry analysts quoted in the general press--disagree with the premise that the pric

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